Neptune Digital Assets (CVE:NDA) Trading Up 29% – Still a Buy?

Neptune Digital Assets Corp. (CVE:NDA)’s share price shot up 29% during trading on Saturday . The stock traded as high as C$2.24 and last traded at C$2.18. 5,148,632 shares traded hands during trading, an increase of 329% from the average session volume of 1,200,339 shares. The stock had previously closed at C$1.69.

Analyst Ratings Changes

Separately, HC Wainwright lifted their price objective on Neptune Digital Assets from C$1.00 to C$2.00 and gave the company a “buy” rating in a report on Monday, December 23rd.

Neptune Digital Assets Stock Performance

The company has a debt-to-equity ratio of 1.96, a quick ratio of 4.84 and a current ratio of 70.04. The firm’s fifty day moving average price is C$1.07 and its 200 day moving average price is C$0.63. The firm has a market cap of C$277.41 million, a P/E ratio of -8.67 and a beta of 3.25.

About Neptune Digital Assets

Neptune Digital Assets Corp. builds, owns, and operates digital currency infrastructure assets in Canada. The company stakes and lends various digital currencies. It also engages in the Bitcoin mining, node operations, cryptocurrency staking, and decentralized finance (DeFi) tokens, as well as invests in liquidity mining pools.